Multinationals pay lower taxes than decade ago

rochelle toplensky—12.03.2018

Companies' effective tax rates have fallen by 9% since financial crisis, research shows

Large multinational companies are paying significantly lower tax rates than before the 2008 financial crisis, according to Financial Times analysis showing that a decade of government efforts to cut deficits and reform taxes has left the corporate world largely unscathed.

Companies' effective tax rates – the proportion of profits they expect to pay, as stated in their accounts – have fallen by 9% (2 percentage points) since the financial crisis.